$1.9M
$405,552
"One of the regions most spectacular properties, Magnolia House c1907, presides over approximately 1.9 acres, offering a breathtaking landscape and living experience that is simply unmatched. Immersed in an exquisite backdrop of towering Pines, mature European trees, hedges and enchanting formal gardens, this utterly captivating home establishes a high expectation for serene country living. Beautifully renovated with an architecturally designed extension, it enjoys ever changing seasonal spaces that truly inspire. Beyond the tuliplined driveway, the homes elegance transpires with a charming bullnose verandah and a wraparound deck adorned with intricate ironlace fretwork. Inside, the evocative period detailing continues through soaring 33.6m high ceilings, where pressed metal detailing and decorative ceiling roses create an inviting, lightfilled domain ideal for family living. The main bedroom impresses with its pressed metal ceiling, electric fireplace, and lavish naturally bright ensuite, while a second kingsized bedroom features an ornate fireplace and bay window. Two additional bedrooms are decorated with pressed metal ceilings, all served by a stunning central bathroom with a freestanding bath, completing a picture of luxury. At the heart of the home, the gourmet provincial kitchen blends effortlessly with the openplan livingdining space, defined by its French oak Versaille parquet flooring, crisp white cabinetry, and highend appliances. Natural light emphasises the elegance, emulating the ambience of the woodburning fireplace and seamless transition to the verdant surroundings. Beyond, French doors open to a broad verandah adorned with cascades of wisteria, framing the perfect setting for alfresco dining amongst fragrant lavender and rosemary hedging. Beyond lies a versatile 11m x 7m barngarage, offering firstfloor accommodation or a home office retreat, whilst the propertys parklike grounds are protected by established towering windbreaks and feature rich volcanic soil for produce and planting, as well as bore access for ample water supply. Situated in the picturesque hamlet of Lyonville, Magnolia House is a memorable destination only 75 minutes from Melbourne and approximately 60 minutes from Melbourne International Airport, with Daylesford, Trentham and renowned wineries, spas and fine dining attractions all within easy reach. We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
Below are some similar properties in the area you may be interested in.
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86.3%
-
-
-$145,000
-$88,413
-
-
-22.9%
6.0%
Asking Price
$1,900,000
Estimated Purchase Price
$2,045,000
Stamp Duty
$112,925
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$204,500
Reg. Mortgage
$129
LMI Premium
$63,989
Renovation Costs
-
Total Cash/Equity Required
$386,904
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,566
$2,043
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
-$4,831
-$6,303
Interest Repayments
$121,473
$121,473
Net Cashflow Before Tax
-$126,304
-$127,776
Depreciation
-
-
Tax Offset
-$37,891
-$38,333
Net Cashflow After Tax
-$88,413
-$89,443
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,029,200
$3,668,311
Loan Balance
I.O
$1,840,500
$1,840,500
$188,700
$1,827,811
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price